Management Change/Compensation (Form 8-K)

On September 15, 2025 (the "Effective Date"), Greenbacker Renewable Energy Company LLC and certain of its affiliates (collectively, the "Company") and Matthew Murphy entered into a transition and separation agreement (the "Transition and Separation Agreement"), pursuant to which Mr. Murphy will resign his employment as Chief Operating Officer of the Company effective December 31, 2025 (the "Separation Date") unless the Company requests in writing that Mr. Murphy extend his employment past the Separation Date and Mr. Murphy agrees to such extension in writing. The Period during the Effective Date and the Separation Date shall be referred to as the "Transition Period."

During the Transition Period, Mr. Murphy (i) will be paid a base salary at the annualized rate of $434,780.16, less applicable taxes and withholdings ("Base Salary"), in accordance with customary payroll practices of the Company and (ii) will continue to be eligible to participate in employee benefit plans, programs, policies and arrangements as the Company may from time to time offer, provided that Mr. Murphy expressly waives any right or entitlement he may have to any benefits or payments set forth in the Executive Protection Plan, dated August 19, 2022 and its counterparts or related documents or any similar plans or agreements.

In addition to his Base Salary, Mr. Murphy will be eligible for (i) a $150,000.00 bonus (the "Incremental Bonus") which shall be payable in whole or in part based on Mr. Murphy meeting in whole or in part certain goals and expectations as determined by the Company in good faith and (ii) a $150,000.00 bonus (the "Success Bonus" and together with the Incremental Bonus, the "Bonus") based on Mr. Murphy meeting in whole certain goals and expectations. Any Bonus payable to Mr. Murphy shall be paid within 10 business days of the earliest to occur of (i) March 1, 2026, and (ii) the date on which the Company is able to determine whether Mr. Murphy met or exceeded the requirements for the Incremental Bonus and the Success Bonus, as the case may be.

The foregoing description of the Transition and Separation Agreement and the transactions contemplated thereby is a summary and is subject to, and qualified in its entirety by, the full text of the Transition and Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.